US President Donald Trump on Wednesday walked out on the nuclear deal signed with Iran unleashing uncertainty in an already tight international\u00a0oil market. As India is the net importer of oil, with Iran being the\u00a0third biggest supplier, the decision to abandon the Iran nuclear deal by the United States will spell trouble for Narendra Modi on multiple levels, a report has said. "The country and the Modi government have benefited from lower oil prices over the last few years.\u00a0This gave India\u2019s economic policymakers more fiscal space and Modi more political space\u2014both of which will be hurt by much higher prices," a\u00a0Brookings report said. Experts see oil prices surging between $5-$10 a barrel if the sanction is re-imposed on Iran. "Delhi will want to find a way to maintain as much of this supply as it can\u2014including by seeking exemptions if possible," the report said. Besides oil price, the concern is also\u00a0geopolitical. Over the past few years, Narendra Modi has tried to build a diplomatic relation with the Middle East, which could be in jeopardy after the development. "Delhi will also be concerned about the impact on its regional connectivity plans that have been driven by both geopolitical and geoeconomic interests. In the absence of a corridor through Pakistan, India has seen Iran as a potentially crucial transit route to Afghanistan and Central Asia," the Brookings report said. The Narendra Modi development did not react aggressively to the walkout but asked for a "peaceful resolution through dialogue and diplomacy by respecting Iran\u2019s right to peaceful uses of nuclear energy". A DBS report said that\u00a0India may resort to looking for waivers from the US or going back to using a mix of barter and gold to settle payments. Donald Trump's other moves such as waging trade war against China and tightening\u00a0H1B Visa policies have also got analysts worried about its implications for India.